Marcus (NYSE:MCS) Research Coverage Started at Wedbush

Wedbush assumed coverage on shares of Marcus (NYSE:MCS) in a report issued on Friday, MarketBeat Ratings reports. The firm issued an outperform rating and a $24.00 price objective on the stock.

Other analysts also recently issued research reports about the company. Barrington Research restated an “outperform” rating and issued a $25.00 target price on shares of Marcus in a research report on Friday, May 23rd. Wall Street Zen lowered Marcus from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th. B. Riley assumed coverage on Marcus in a research report on Friday, May 16th. They set a “buy” rating and a $24.00 price target on the stock. Finally, Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Marcus in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $24.50.

Marcus Stock Up 3.3%

MCS stock opened at $17.81 on Friday. The stock’s fifty day simple moving average is $17.31 and its two-hundred day simple moving average is $17.97. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.45. Marcus has a 1-year low of $11.44 and a 1-year high of $23.16. The stock has a market cap of $557.45 million, a P/E ratio of -42.40, a P/E/G ratio of 3.09 and a beta of 1.24.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.02). The firm had revenue of $148.77 million for the quarter, compared to analysts’ expectations of $145.50 million. Marcus had a negative net margin of 1.71% and a positive return on equity of 1.51%. Analysts expect that Marcus will post 0.36 EPS for the current year.

Marcus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Tuesday, May 27th were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.57%. Marcus’s payout ratio is -66.67%.

Institutional Investors Weigh In On Marcus

A number of hedge funds have recently made changes to their positions in MCS. Harbor Capital Advisors Inc. increased its stake in Marcus by 45.3% during the second quarter. Harbor Capital Advisors Inc. now owns 6,599 shares of the company’s stock worth $111,000 after acquiring an additional 2,057 shares during the last quarter. Strs Ohio bought a new stake in Marcus during the first quarter worth approximately $487,000. Acadian Asset Management LLC increased its stake in Marcus by 492.8% during the first quarter. Acadian Asset Management LLC now owns 115,115 shares of the company’s stock worth $1,916,000 after acquiring an additional 95,697 shares during the last quarter. Empowered Funds LLC increased its stake in Marcus by 2.1% during the first quarter. Empowered Funds LLC now owns 172,745 shares of the company’s stock worth $2,883,000 after acquiring an additional 3,562 shares during the last quarter. Finally, Caxton Associates LLP bought a new stake in Marcus during the first quarter worth approximately $530,000. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names.